How do I get a loan to buy a house + stuff for the house?

[LazyRider 10+ year member]

And a grotto

 

[DBfan187 5,000+ posts]

can all be combined homies

 

[MikeofTulsa Moderator]

step 1: talk to a bank

step 2: .....

step 3: buy a house and furnish it.

 

[RidinSwangaz 10+ year member]

Its out side of philly in camden, near the rutgers campus. built in 1899, it was foreclosed, and it is pretty small.


How much of it did you spend on car audio/home audio? lol

Not a lot, $250,000 for my home. 30k to build a shop

 

[k_schutte 10+ year member]

No, you don't need a realtor. just find a house you like (I used realtor.com to find my 3 houses) and go from there. You just have to see if the house is HUD approved is all. Basically, what I did was bought one house using the 203K and I am living in it the required amount of time so that I don't have to repay it all. Then I also used the 203K to buy a couple flood houses which I got for $10k-$20k each. then used the 203K portion to make them inhabitable and am TRYING to resell them. One kind of "loop hole" is that the house just has to be in your name for that 5 years, you do not have to live there, you can rent it out and after 5 years you don't have to repay it all.

 

[RJesus 10+ year member]

very helpful schutte thank you.

 

[skadude016 5,000+ posts]

also look into a renovation loan

 

[AlterEgo99 5,000+ posts]

Double wide?

 

[Hellbound Train 10+ year member]

Ask the loan fairy. She has the all magical power of creating stacks of money from nothing.